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Toyota sets new global record for annual vehicle s

Toyota sets new global record for annual vehicle sales Toyota said Tuesday that it sold a record 11.2 million vehicles in 2023, cementing its position as the world's top-selling automaker for the fourth successive year thanks to a recovery in demand in all regions and easing semiconductor shortages. The figure, which represents units shifted by the firm and its subsidiaries, represented a jump of 7.2 percent on-year and compares with 9.2 million for Germany's Volkswagen Group, whose unit sales soared 12 percent. South Korea's Hyundai-Kia retained third place in 2023 with 7.3 million units sold, up 6.7 percent. ©SHIRSENDU KARMAKAR #TOYOTA
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